Waiting period for bew customers reduced from 30 days to 15 days for covid-related claims with no hike in premium. Claims related to other illness will still have a 30-day waiting period
The reason we need standardisation is because it will smoothen the process for customers as there won't be any dispute with hospitals, says Bhargav Dasgupta, ICICI Lombard MD & CEO
Premium income (excluding crop biz) lagged industry growth in Q4
Underwriting losses narrowed down to Rs 29.42 crore in Q4FY20, from Rs 49.70 crore a year ago
'Covid-19 Protection Cover' provides an instant Rs 25,000 benefit plan for to the customer if he tests positive for Covid-19
The cases of coronavirus are increasing rapidly across the world with the count crossing 245,749 globally and 195 in India
The idea behind such policies seems to be - lower the mileage, lower is the probability of an accident
According to the company, the policy administered as a group policy, can be taken from the Realme PaySa mobile APP pure digitally and does not require any documentation
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
With segments such as motor, health, fire and crop insurance being the stronghold of both players, they have nearly the same product profile
The association will provide the bank's customers access to the insurer's portfolio and make insurance more accessible to its customers across India
While ICICI Lombard enjoys better earnings predictability and stable growth, the Street prefers the stock of ICICI Prudential Life
This comes after the insurance regulator, earlier this month, relaxed the five-year lock-in rule for Fairfax's stake in ICICI Lombard, which was scheduled to end in March 2021
Here's a look at the top counters that are likely to trade actively in today's session.
Expected rise in third-party motor premium to drive up investment profits
On Tuesday, ICICI Lombard's stock scaled to its all-time high of Rs 1,012 a share, before closing at Rs 971.20
The act of setting up a separate digital arm is the first in the domestic insurance industry
The company inherited Rs 250 million in losses, as a result of the large scale flooding in Kerala in August
The Board of Directors has also declared an interim dividend of Rs 2.50 per share for first half of 2018-19
The new platform is an upgrade from the previous web-based claims investigation system